State Bank Of India GPF

Hi I would like to know the process to open a provident fund account with State Bank of India as I like to start saving?

Provident Fund is a system to ensure the salaried individuals in maturity in the wake of resigning from administration; the Government has presented "a retirement advantage plan" called the Employees Provident Fund Scheme.

Open PPF account with SBI in 3 stages

Soubhagya November 18, 2012 How To, Investments, Pesonal Finance 98 Comments

PPF (Public Provided Fund) is one of the amazing alternatives for any citizen who not just needs to spare duty on his/her pay additionally searching for good assessment free returns. Perused the article All about Public Provident Fund (PPF) Scheme.

Step 1 – Locate the closest approved SBI branch:

To open PPF account, first you have to locate the closest SBI branch. Keep in mind, just chose branches of SBI has the office to offer PPF account.

Step 2 – Fill up Account Opening Form and submit ID and location verification:

You can get the PPF account opening from at the approved branch which is all that much basic and obvious to top off. Once the record opening structure has been topped off you have to present the duplicate of self bore witness to ID and location confirmation. See the points of interest of acknowledged reports;

Any of the accompanying archives can be utilized as Identity Proof

1. Duplicate of Pan card

2. Duplicate of Passport

3. Duplicate of Voter ID

4. Duplicate of Driving permit

One of the accompanying archives can be utilized as Address Proof

1. Duplicate of Passport

2. Duplicate of Telephone Bill

3. Duplicate of Ration card

Alongside the above reports you have to give 2 visa size photos. Ensure you convey firsts of the individual ID and location confirmation to be checked by the bank official.

Step 3 – Get the PPF Passbook:

After check of the considerable number of records and putting required introductory measure of store your PPF record will be opened and you will get your PPF Account No and PPF Account Passbook. This passbook would contain every one of the insights with respect to your PPF exchanges.

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Answered By StudyChaCha Member